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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
STIR
- Fed Funds implied rates are minimally changed on the day with no spillover from Lagarde headlines (won’t be able to “state with full confidence” in the near future that the peak for rates has been reached) and further ECB speak.
- Earlier, Morgan Stanley sees the Fed hiking 25bps in July with rates then still at 5.375% at end-23 before 100bp of cuts to 4.375% by end-24.
- Cumulative changes from 5.08% effective: +18bp Jul (unch), +22.5bp Sep (+0.5bp), +25.5bp to a peak effective 5.33% in Nov (+0.5bp), +17.5bp Dec (+0.5bp) and +5.5bp Jan (+0.5bp).
- No Fedspeak scheduled for today with focus still on Powell’s panel discussion in Sintra tomorrow.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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